Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bally’s, Tribune Publishing Reach Agreement to Vacate Site of Future Casino
Tribune Publishing has agreed to leave the Freedom Center printing plant in River West by July 2024 to make way for Bally’s Chicago Casino, the Chicago Tribune reported. The agreement followed months of negotiations.
Bally’s, which bought the 30-acre site last year, will give the newspaper company a “series of cash payments” in return for its commitment to exit the Freedom Center, said Bally’s chairman Soo Kim.
The sprawling printing plant, which has had a four-decade run as the nexus of newspaper publishing and distribution in Chicago, is slated for demolition to make way for a $1.74-billion casino and entertainment complex to rise in its place along the Chicago River.
In February, Bally’s gave Tribune Publishing notice to vacate the plant, which prints the Chicago Tribune and other newspapers. The Rhode Island-based casino company plans to break ground next year and open the permanent casino by 2026.
- ◦Development